According to The Telegraph, the streaming giant will cut 200 jobs from its podcast business in its second round of redundancies this year. The report states that Spotify continues to reel from its expensive bets on celebrity presenters such as Prince Harry and Meghan Markle.
The newspaper further reports that Spotify has invested billions of euros into podcasting in recent years, signing up stars including the Sussexes and Joe Rogan. However, it states that the Duchess's Archewell Podcast series has struggled to gain traction.
After debuting as Spotify's number one new podcast last summer, it had fallen to number 22 in the charts by November.
Following the reports of job cuts at Spotify, several insiders claim that the company has no plans to renew the series and may have canceled it. On the other hand, Prince Harry and Meghan Markle have made no statement regarding Archewell Podcast. In fact, their Archewell Foundation has not shared any updates on their podcast or any news about what they are currently working on.
The last news on their website was posted on May 15, and it appears that the website is facing some technical issues as it refuses to open in several regions. This exposes the reluctance of the people at the helm. Meanwhile, the Archewell Audio page also remains unchanged and does not mention any future podcasts with Spotify.
